Henry Hazlitt Quotes

There Is A Second Main Factor That Spawns New Economic Fallacies Every Day. This Is The Persistent Tendency Of Men To See Only The Immediate Effects Of A Given Policy, Or Its Effects Only On A Special Group, And To Neglect To Inquire What The Long-run Effects Of That Policy Will Be Not Only On That Special Group But On All Groups. It Is The Fallacy Of Overlooking Secondary Consequences.

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